Ether Falls to Lowest Value Against Bitcoin Since March 2021
Ether (ETH) fell to its lowest value against Bitcoin (BTC) since March 2021, with one ether trading at 0.03 BTC. This represents a nearly 50% decline from a year ago, while Bitcoin reached a record high above $109,000.
- Ethereum's value has decreased significantly; it is down 30% from its 2021 peak.
- Bitcoin has gained 160% over the past year, compared to Ethereum's 40% increase.
- Ethereum's appeal weakens when traders favor Bitcoin or other blockchains.
- Recent accumulation of ETH by World Liberty Financial indicates ongoing institutional interest.
- Bitcoin is also performing well against traditional assets, now valued at 40 oz. of gold and representing 11.4% of gold's market cap.